USDJPY Bearish butterfly harmonic pattern

21 באוג׳ 2018

USDJPY is forming a bearish butterfly harmonic pattern. My intention is to trade the last trendline from C to D. To support the pattern, point C also confluence with the lower trendline of the broadening bottom formation. Consider enter your trade once price bounces off the trendline and starts to move upward.

Trade setup is on the chart

22 באוג׳ 2018

עסקה פעילה

95% of take profit 1 is completed. Cash out 1/3 of your position if you feel good enough

22 באוג׳ 2018

הערה

moving your sl 10 pips above your entry to secure

22 באוג׳ 2018

עסקה פעילה

target 1 is reached. Price is parking around 110.41 to regroup. next target might be reach within London session open.

23 באוג׳ 2018

הערה

Target 2 is reached. minor retraced. If break above 110.60s will continue to move to target 3. Then, harmonic pattern is completed

23 באוג׳ 2018

עסקה סגורה: היעד הושג

Target 3 reached.